Genius Group (NYSEAMERICAN:GNS) Approves Share Buyback Program

Genius Group (NYSEAMERICAN:GNS) announced that its Board of Directors has approved a share repurchase program on Monday, June 8th, RTT News reports. The company plans to buyback 13,200,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Genius Group Stock Down 4.5%

Shares of Genius Group stock traded down $0.01 during trading on Monday, reaching $0.23. 5,209,401 shares of the company were exchanged, compared to its average volume of 24,018,942. Genius Group has a twelve month low of $0.21 and a twelve month high of $1.92. The business has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.46.

Genius Group (NYSEAMERICAN:GNS) last posted its earnings results on Saturday, February 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $2.83 million during the quarter. Research analysts predict that Genius Group will post -0.04 EPS for the current year.

Genius Group Company Profile

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Genius Group Ltd, trading on the NYSE American under the symbol GNS, is a global education technology company focused on entrepreneurial learning and development. Headquartered in Singapore, the company designs and delivers digital platforms, content and community experiences aimed at helping individuals and small businesses grow their skills, networks and ventures. Through its flagship learning ecosystem, Genius Group provides on-demand courses, coaching programs and live events that span topics from startup fundamentals and digital marketing to leadership and personal well-being.

At the core of the business is GeniusU, an online learning and networking platform that connects entrepreneurs with tailored educational pathways, mentor support and peer groups.